Today, Daimler’s gullwing SLS AMG sports car is going on sale in Germany. Mercedes dealers all around Deutschland are celebrating the occasion with the appropriate pomp & circumstance. The Hamburg branch of Daimler for instance welcomes its guests with an easter egg hunt.
Do you have the €177,310 ($237,000) in disposable funds to get behind the wheel of that 571 hp, 197 mph fast beast? Take a number. Read More >
Car researcher Edmunds sees an exceptionally strong March rebound in U.S. car sales. They expect new vehicle sales to come in 31 percent higher than March 2009. The most muscular comeback kid? Would you believe it, Edmunds expects sales of the already counted out Toyota to explode in March. They also see the Detroit 3 solidly overwhelmed by the furriners, Ford’s heroic efforts notwithstanding. Read More >
2009 was a great year for China’s auto makers with a record growth of 45 percent that propelled the market to 13.6 million units and gave it unassailable #1 status. It wasn’t all roses for everybody. For China’s Brilliance, joint venture partner of BMW, 2009 was downright rotten. Read More >
Honda is perplexed and overwhelmed by the demand for their just launched CR-Z small sports hybrid car, says The Nikkei [sub]. Honda had planned for 1000 a month, which turned out to be a big mistake. After one month, they already have more than 10,000 orders, and a hard time filling them. They’ve sold in one month what they wanted to sell in a year, more or less, and the orders keep pouring in. Read More >
A week ago, we ran a story about China’s BYD scaling back – way back – plans to mass produce their E6 pure plug-in. We reported that all they’ll make will be 100 E6 electric cars to be used as taxis in the city of Shenzhen, where BYD is based. Further development of the vehicles will depend on how that test fleet will be doing. At the time, it was only a rumor. Now, the rumor has been confirmed by the BYD man himself, Chairman Wang Chuanfu. Read More >
Despite having their hands full with recalls, class action suits, Prius hoaxers and gold diggers, Toyota is not falling into deep depression. To the contrary, they think demand in 2010 will be higher than originally planned. And they ramp up their production to meet the demand. Read More >
Even in the darkest days of double nickel, the U.S. of A. had been Porsche’s largest market. In Zuffenhausen, they had tried to get to the bottom of a phenomenon that defied German logic: Why buy a Porsche if you can only crawl along at 55 mph? Ever so thankful for the unexpected sales, Porsche abandoned the search for the unknown.
Now, Porsche is looking eastwards for growth. Read More >
Peter Schiff (the man who saw the financial meltdown coming from a mile away) continually asserts that financial stimulus isn’t cure, it prolongs or postpones the problem. Any hardcore free capitalist will find it hard to disagree with Mr Schiff. There is no governmental stimulus such as in Europe. There is plenty of stimulus from the car makers.
March sales for the United States are forecast to explode according to ecreditdaily. They report that JD Power & Associates forecast that new vehicle retail sales going to increase 25 percent. New vehicle sales for the month of March 2010 are expected to be around 883,300 units. The majority of the growth is expected to come from a certain manufacturer who’s been in the media for other reasons. Our own Darth Niedermeyer, saw this coming. Read More >
If there are two words that can’t be left out of any discussion of 2010 auto sales numbers, they are “incentives” and “fleet.” With a fleet sales binge well underway, and Toyota recall-triggered incentive wars raging with no end in sight, the spring Truck month rituals have been bounteous. And with sales of full-sized trucks through February trending flat and fragmented, they had to be. But will they make a difference?
In addition to lowering prices on 2010 models, Saab is introducing $4k-$8k incentives on 2009 models, according to bankrate.com. Will that be enough to make the company’s goal of 100k sales? With only 500 2009 models available in the US, and 2009 sales of 39k units globally last year, the answer is almost certainly a resounding “no.”
Mercedes-Benz continues its long march forward in China. In February, “Benz” (as the locals call the brand here) racked in a 160 percent growth. 7,200 additional Benzes graced China’s roads by end of February.
With more than 15,300 units sold in the first two months of the year, up 155 percent, Mercedes-Benz calls itself the fastest-growing luxury brand in China, Gasgoo reports.
Imports of the S-Class grew by 115 percent in February, cementing China as the world’s biggest S-Class market. The new generation S-Class is extremely popular amongst China’s well-to-do. Read More >
Volkswagen may be much closer to its goal of surpassing Toyota as the world’s largest automaker. In an exclusive interview with The Nikkei [sub], Akio Toyoda said, Toyota will make its top priority the quality, not the number of the cars it makes.
So far, VW wanted to subjugate Toyota by 2018. But Toyota has decided to go slow. Said Toyoda-san: Read More >
The biggest storyline right now for America’s bailed-out automakers is how little they’ve been able to capitalize on Toyota’s stumbles. While Ford and Hyundai made hefty sales gains last month, both GM and Chrysler’s performances were distinctly unimproved by Toyota’s woes. And now that Toyota is launching major incentive packages to recover lost sales momentum, Detroit has no remaining incentive to not revert to the bad old practices of incentive dependence. With GM and Ford diving into the zero-percent war, Global Insight’s George Magliano tells Automotive News [sub]:
Incentives are going to be here into the third quarter. We’re not going to wean consumers off incentives any time soon. We’re stuck with it. They’re all jockeying for position… After clunkers everybody backed off incentives. Now they’re going to the whip again
European new car sales have fallen back to crisis levels. With many of the incentive programs withdrawn or phasing out, it’s back to reality. Reality is quite rough. Basically, Europe is back where it was in the carmageddon days of early 2009. The few bright spots are caused by on-going life support measures. Without government generosity, the European market place would be a wasteland.
New passenger car registrations in the EU increased by a mere 3 percent in February. Compared to the pre-crisis levels of February 2008, new car registrations decreased by 16 percent, reports the European Automobile Manufacturers Association ACEA. Read More >
It’s a little-known fact that nearly half of the 2,000 or so dealer franchises that GM began winding down during bankruptcy were Cadillac stores, most of them located in rural areas. The General’s plan was to focus Cadillac’s dealer network on standalone stores in major metropolitan areas, following the strategies of more premium luxury competitors like BMW and Lexus. But having marked 922 largely small-town Caddy dealers for death, GM saw 2009 sales of its luxury brand fall 15 percent, or twice the rate of Buick and Chevrolet in the same period. The lesson: small-town Cadillac dealers (like attempts to sell the brand in Europe) are worthwhile after all. Automotive News [sub] reports, the majority of those dealers being reinstated are small-town Cadillac dealers. Will Cadillac’s brand integrity suffer by having to serve the small-town American market as well as competing with the European brands? Probably, but at least Caddy dealers can take heart knowing that things could still be worse: they could be Lincoln-Mercury dealers.
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